Return to site
· Portfolio Company
broken image

Going for deferred payments can prove to be beneficial for B2B companies and their clients. Investors also agree, with B2B buy now, pay later platforms like Playter and Mondu raising eight-digit funding rounds recently.

However, Singapore-based fintech firm Fluid found that some businesses are still apprehensive about deferred payments due to their complexity and the risks associated with credit terms.

The company aims to solve this issue with its platform, which enables businesses to get paid faster and offer flexible payment options to their customers.

Fluid recently raised US$5.2 million in a series A round led by Insignia Ventures Partners. It aims to use the funds to expand its risk and engineering teams and onboard larger suppliers to its platform.

The startup was founded in early 2023 by CEO Trasy Lou Walsh, CPO Steven Li, and CFO Ruoyun Yang. They collectively bring experiences from companies like Atome, Uber, Coupang Pay, Lendable, and the International Finance Corporation.

In a statement, Walsh said that by using Fluid, suppliers no longer need to engage with debt providers, undergo credit checks for buyers, or hire a large team for settlement and reconciliation.

This recent investment round brings Fluid’s total funds raised to US$7 million. It previously secured US$1.8 million in seed funding from Iterative and New Stack Ventures.